Duplex with Covered
For Sale
$195,000
1027 Winfield Ave, Cincinnati, OH 45205
Two-family residence with a fenced lot, central air conditioning, and a basement for additional storage.
Property Size2,093 SF
Price / SF$93.17
Days on Market160
Property Features for 1027 Winfield Ave
General Information
Standard status
Active
Size
2,093 SF
Property subtype
Residential Income
Units
Unit Mix
1 x 1BR/1BA, 1 x 3BR/1BA
Multifamily Units
2
Amenities
covered porches
basement
central AC
Building Details
Buildings
1
Tenancy
Single
Listing Agency:
eXp Realty
(216) 242-2322
Listed By:
Shelley R Helton
(859) 462-7036
Source:
Exprealty
Added: May 8
Changed: Oct 5
Last Checked: Oct 13 at 12:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of eXp Realty
Investment Insights
Based on property information with market context.
Built in 1901, this 2,093-square-foot duplex includes two separate residential units. The first-floor apartment is currently vacant and contains one bedroom and one full bathroom. The upper-level apartment has three bedrooms and one full bathroom and is currently occupied. Both units provide oversized living areas and covered porches, while central AC has been installed for added comfort.
The property also includes a clean, dry basement that offers additional storage space, along with a fenced lot. Located at 1027 Winfield Ave in Cincinnati, the property is described as being minutes from downtown Cincinnati.
The property also includes a clean, dry basement that offers additional storage space, along with a fenced lot. Located at 1027 Winfield Ave in Cincinnati, the property is described as being minutes from downtown Cincinnati.
Key Highlights
- 2,093 SF duplex built in 1901
- Two units with a 1‑bedroom/1‑bath and 3‑bedroom/1‑bath layout
- First‑floor unit is vacant; second‑floor unit is rented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,537
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,740
$350.7K
Cap Rate 7%
$250,529
$250.5K
Cap Rate 9%
$194,856
$194.9K
Market Conditions
NOI Build-Up for 2,093 SF
Gross rent
$26.6K $12.72/SF
− Vacancy
−$1.6K −$0.75/SF
EGI
$25.1K $11.97/SF
− OpEx
−$7.5K −$3.59/SF
NOI
$17.5K $8.38/SF
Area
Cincinnati, OH
Vacancy
5.90%
Lease Rate
$12.72 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$350,740
Cap Rate 7%
$250,529
Cap Rate 9%
$194,856
Alternative Uses
Best Use
Multifamily LT 5
$250.5K
$219.2K – $292.3K
NOI $17,537 @ 7.0% cap · market cap 8.99%
Second Best
Apartment 5plus
$222.2K
$194.4K – $259.2K
NOI $15,551 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$416.1K
$364.1K – $485.4K
NOI $29,124 @ 7.0% cap · market cap 14.94%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
339
Businesses Nearby
Explore this area
Business Placement
Demographics for 45205, OH
19,517
Population
7,874
Households
2.5
Avg Household Size
31
Median Age
17%
College-Educated
82%
High-School Grad
2.8 sq mi
ZIP Area
6,970
Density / Sq Mi
$41,357
Median Household Income
$32,537
Median Earnings
$855
Median Rent
$112,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-family residence with a fenced lot, central air conditioning, and a basement for additional storage.
Where is this duplex located?
The property is located at 1027 Winfield Ave Cincinnati, OH.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: 2,093 SF duplex built in 1901; Two units with a 1‑bedroom/1‑bath and 3‑bedroom/1‑bath layout; First‑floor unit is vacant; second‑floor unit is rented
